Archive » October 2009 » 16 October 2009 The english news from 16 October 2009
Ion Tiriac is Romania's richest man in Capital listing
Romanian business man Ion Tiriac is the country's richest man with an estimated fortune of 1.8-2 billion euro, according to Top 300 Richest Romanians, a publication published annually by Romanian business magazine Capital. Tiriac is followed by businessman Dinu Patriciu and the family of politician-businessman Dan Voiculescu, with 1.5-1.6 billion euro each.…
Erste Bank report: Romania is 1-2 quarters behind the countries in the region and will stop in 2010
Romania, Hungary, Croatia and Serbia are approximately 1-2 quarters behind the states in the region and will stagnate in 2010. Poland avoided recession, the Czech Republic, Slovakia and Ukraine reached the minimum in Q1 2009, all having to grow by 2.-3 % in 2010, against the present year, the Erste Bank report shows.…
Moody's: IMF and EU show leniency toward policy slippages in Romania
The government's collapse will have no significant impact on the Romanian economy in the short run, as the economic sector appears to be well insulated from politics, ratings agency Moody's said in a report Wednesday.…
ING: The agreement with IMF is in danger unless there is a strong government and the deficit could be over 8.5%
The reform measures will be difficult to put into practice in a credible way if the government is not strong enough and the agreement with the IMF is threatened especially by the budgetary deficit which could reach at the end of the year at 8.5-9% of the GDP, the ING analysts estimate.…
Ratio between number of employees and pensioners to reach 0.4pc in 2050
The ratio between the number of employees and pensioners in Romania will reach 0.4 percent in 2050 compared to 0.94 at present or 3.3 percent in 1990, said on Wednesday the president of the Association for Privately Administered Pensions in Romania (APAPR), Crinu Andanut, at the National Conference on Private Pensions.…
Some 10% Of Romania's Work Force Went Abroad
Some 8-10% of the Romanian population aged between 15 and 64 is left to work abroad, namely 2.7 million people, and Romania needs immigration policies for those working abroad, for those coming back and for regional development.…
Top complaints on cable TV and cell phones
The cable television and mobile phone were the service and product with the highest number of complaints registered with consumer protection offices in 2009, according to the National Authority for Consumer Protection (ANPC).…
Fragile recovery for Romania in 2010 - 1 pc
Romania's economy is forecast to shrink by 8 per cent in 2009 after a strong expansion of 7.1 per cent in 2008. Growth of 1 per cent is expected in 2010, the EBRD Transition Report 2009, which will be published in full next month, points out, a press release informs.…
Lucian Croitoru is designated Prime Minister by President Basescu
President Traian Basescu has designated Lucian Croitoru for Prime Minister on Thursday. Romania's President said in a statement made at the Cotroceni Palace that his decision meets the desire that the future prime minister should be member of no political party. Nevertheless, he will have to be politically endorsed, Traian Basescu stressed.…